Thursday 31 March 2022

April fuels

As of midnight today, all domestic energy tariffs went up by about 50%, the reality of this has yet to hit. But it is going to be very bad for millions of households across the country.

If that wasn't bad enough, energy for industry and business is also going to go up, with price rises passed onto the consumer, and with inflation already at a 25 year high, its only going to get worse.

Pensioners are not getting their index linked rise this year, the COnservatve Government broke the triple lock and thei manifesto promise to do that, though they say it will be back next year. So, for the elderly, with inflation already at 7%, their income will rise by about 3%, a net loss for them.

National Insirance will go up by 10% for almost all workers too, and there is increases in Council Tax. Meanwhile the 5p reduction in fuel duty isn'y noticeable, as prices at the pumps have gone up nearly 30p in less than a month.

All this is coming together at the same time to hit families, and almost all of which are UK Government policy decisions, no matter how they try to spin otherwise.

Fuel companies have reaped record profits, and passed this onto their shareholders, while customers must pay higher prices.

Not in France where a windfall tax was imposed and that used to peg increases at 4%, of course France couldn't do that if it were a member of the EU.

Oh.

So, all that is coming is a choice by the PM and Chancellor, and all of which made worse by Brexit.

Welcome to Global Britain.

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